This Year's Top Tax and Financial-Planning Ideas

Overview

With tax rates for individuals, estates and trusts changing, tax planning takes on more importance. New ideas for financial planning and retirement must be considered. The purpose of this course is to explore practical tax-planning ideas that practitioners can use to assist clients with their needs. This course is crucial for CPAs who are looking for good ideas that can save clients money! Continually updated for legislative developments.

Objectives

Understand changes to tax law affecting individual taxpayers through the present

Identify strategies that are effective following estate and gift tax changes

Highlights

Timely coverage of breaking tax legislation, including the SECURE 2.0 Act and Inflation Reduction Act provisions applicable to individuals

Changes to the lifetime estate tax exemption by the TCJA in light of April 2022 proposed regulations

Considerations when selling a principal residence

Tax benefits of HSAs

An overview of the mechanics and practical considerations of Donor Advised Funds

Virtual currency and digital assets

The Corporate Transparency Act and FinCEN Beneficial Ownership Information reporting

An update on income tax and estate-planning ideas, including any recent changes

Tax ideas for the current year

Miscellaneous tax-planning techniques that can add up to significant tax savings

How to use the whole family for tax savings

Up-to-the-minute ideas reflecting new tax law changes in cases, regulations, and rulings

Designed For

All Accounting and Finance Professionals, especially those who want to provide the best up-to-the-minute tax advice

Prerequisites

Basic course in individual income tax and estate planning

Preparation

None

Notice

By registering for this program and, accordingly, receiving the eMaterials, you’re acknowledging that you understand both the copyright restrictions on your eMaterials and the CTCPA cancellation policy.

Fees

Credits

Level

Code

Vendor

Fields of Study

Leader(s):

William Taylor

Leader Bios

William Taylor

WILLIAM F. (Bill) TAYLOR, CPA Water Valley, Mississippi William F. (Bill) Taylor, CPA is President of Lifetime Financial Solutions, LLC, a financial coaching firm, and a CPA in private practice. Since retiring as Community Bank President of Renasant Bank in Water Valley, MS, he has served as an adjunct assistant professor in the MBA program at the University of Mississippi. Bill has worked in the employee benefit and investment fields for over 25 years, beginning his career as the Employee Benefits Coordinator in the Jackson, MS, office of KPMG Peat Marwick and managing his own firm since 1999. A nationally known consultant and speaker, Bill has conducted seminars for the American Institute of Certified Public Accountants, the American Society of Pension Professionals & Actuaries, CPA and bar associations in 45 states, and many private organizations. He has been awarded both the AICPA Outstanding Discussion Leader award and the James L. McCoy Discussion Leader of the Year Award from Surgent CPE. Bill is the author of Taxation of Employee Benefits Volume I and Volume II, and his articles have appeared in numerous publications.

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